Doing Business Here
#1 State for Job Growth in the U.S.
Source: U.S. Bureau of Labor Statistics (June 2020 vs June 2022)
Rankings
#5
Fastest Growing State
Census Bureau (2020)
#5
Business Costs
Forbes (2020)
#5
Most Tax Friendly States
Kiplinger (2021)
#1
Best States for Infrastructure
U.S. News & World Report (2021)
Get to know the REAL Las Vegas Region. Clark County is located in the top state to do business within the Western U.S., Greater Vegas. Home to 2.3 million people, 1,123,582 workers, and 56,000 employer businesses, the region routinely ranks at or near the nation’s highest in growth and investment and is currently experiencing population growth at three times the national average. While tourism remains the region’s largest industry, it is far from its only industry. Over 10,000 businesses and more than 180,000 jobs have been created in Clark County since 2011.
Industry Sectors
In 2017 and again in 2021, the Las Vegas Global Economic Alliance conducted target industry validation studies to identify new and emerging industries that could assist Greater Vegas in diversifying its economy.
The most recent study identified seven target industries: General & Advanced Manufacturing, Business & Financial Services, Creative Industries, Clean Technologies, Transportation & Logistics Technologies, Information & Communication Technologies, and Healthcare Services. The LVGEA focuses on targeting industries that provide the most growth potential to help diversify the economy of Southern Nevada and pose a good fit for our region’s resources. Increasingly, that looks like:- Greater Vegas is an ideal location for the growing lithium-ion battery manufacturing Nevada is the only US state that holds every part of the lithium-ion battery economy and life cycle, including mining, R&D, production and assembly, and battery recycling. According to a 2022 white paper prepared by UNVL’s Center for Business and Economic Research, forecasts predict a fivefold increase in the global lithium-ion battery market through 2030, and the Silver State already employs 60% of the US battery manufacturing workforce.
- There are a growing number of FinTech companies, particularly payments companies, operating in Greater Vegas. Companies already operating in the region include Sightline Payments, Everi, and Shift4.
- Regional and national headquarters continue to move to Greater Vegas from other markets. In fact, consulting firm The Boyd Company recently released a list of the top locations for US companies wanting to establish national or regional headquarters, and both Summerlin and Henderson were listed in the top 30.
- In the past six years, Greater Vegas has seen exponential growth in sports entertainment, with the addition of the Vegas Golden Knights, Las Vegas Raiders, Aces, and Las Vegas Desert Dogs, along with other minor league teams. With those sports teams, comes a growth of sports and entertainment production and digital media companies.
- Healthcare companies, including those in the Life Sciences, R&D, and Pharma, continue to lease office space in the region, making the medical office sector one of the healthiest commercial sectors in Greater Vegas.
A Globally Connected Business Location
Las Vegas is one of the world’s most famous tourist destinations. Because of this, Las Vegas is one of the most globally connected cities in the United States.
Infrastructure & Connectivity
1st in the Nation for Solar Energy Capacity
Las Vegas Recycles 99% of its Indoor Water Supply
Within a Five-hour Drive of 9% of the U.S. Population
7,453 Miles of Fiber Optic Cable in the Region
Nevada’s Tax Structure
The Southern Nevada Business Advantage
The low-tax climate in Southern Nevada is one of the most-cited reasons to do business in Nevada. Companies doing business in Nevada can save millions of dollars by having a long-term presence in the state.
The LVGEA maintains an operating cost comparison database and can tell you how operating costs for your business or businesses in a similar industry compare to other U.S. metropolitan regions. Contact our team to run a free operating cost comparison.
Nevada has...
NO personal income tax
NO franchise tax
NO unitary tax
NO inventory tax
NO inheritance tax
NO estate tax
Major Industrial Parks
Southern Nevada’s real estate market includes dozens of premier office and industrial sites. The LVGEA and your local real estate partner can help find the right site for you. The map on the left offers a broad overview of the jurisdictions in the marketplace and some of the region’s largest office and industrial parks.
Demographics & Workforce
Additional Resources